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.02s finally got eaten
Not much ouch so far its been moving up for some reason and is extremely thin.
Looks like we have some decent volume today. Let's see if the .02 wall finally falls.
Why are they not PRing this!!!!!!???
Yes I am. Looks like they are doing a pretty big RM with Buyippee but a 1:1000 RS on on the table. It has caught some volume last 2 weeks and bid has been creeping up so not sure how this plays out. I dont think Buyippee is some small outfit but the big RS isn't cool. Doesnt leave us with much if they go through with it.
April 2nd filing-
https://www.otcmarkets.com/filing/html?id=17420834&guid=4lO-kanF-sRSJth
Item 1.01 Entry into a Material Definitive Agreement.
On March 29, 2024, the Issuer entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with OLS Asia Corporation, a British Virgin Island corporation (“Buyippee”), and certain Investors pursuant to which the Issuer agreed to issue Twenty Billion (20,000,000,000) shares of its common stock, par value $0.001, (the “ENMI Shares”) to acquire One Thousand (1,000) shares of the OLS Asia Corporation, a British Virgin Island corporation (“OLS”) (representing all of the total issued and outstanding shares of OLS’s Common Stock) held by such Investors. OLS is engaged in the logistics business.
The Issuer also agreed to use commercially reasonable efforts to effectuate a 1 for 1000 reverse stock split of its common stock on or prior to closing. Unless waived by the parties, the closing of the transactions contemplated in the Share Exchange Agreement is subject to certain normal and customary conditions. The parties are entitled to terminate this agreement in accordance with the terms of the Share Exchange Agreement including in the event of an uncured breach and if the closing of the share exchange has not occurred on or before July 31, 2024.
The foregoing description of the Share Exchange Agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated herein by reference.
July 5th filing-
https://www.otcmarkets.com/filing/html?id=17667979&guid=4lO-kanF-sRSJth
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective July 5, 2024, Sally Kin Yi Lo resigned from her positions as the Chief Executive Officer, Chief Financial Officer, Secretary and Director of DH Enchantment, Inc. (the “Company”). Concurrently therewith, CHEUNG, Cheuk Yin was appointed to serve as the new Chief Executive Officer, Chief Financial Officer, Secretary and Director of the Company. The departure of Sally Kin Yi Lo from her position as Chief Executive Officer was for personal reasons and not due to any disagreement with the Company on any matter related to the Company’s operations, policies or practices. Sally Kin Yi Lo continues to hold: (i) 252,000,000 shares of Common Stock, par value $0.001, or approximately 30.31% of the issued and outstanding shares of Common Stock; (ii) 945,000 shares of Series A Preferred Stock, par value $0.001, constituting approximately 30.29% of the issued and outstanding shares of Series A Preferred Stock; and (iii) 35,000 shares of Series B Preferred Stock, par value $0.001, constituting 35% of the issued and outstanding shares of Series B Preferred Stock.
CHEUNG, Cheuk Yin, age 44, was appointed to serve as our Chief Executive Officer, Chief Financial Officer, Secretary and Director on July 5, 2024. Mr. Cheung is currently the founder of Buyippee, an ecommerce platform providing global shipping services for customers who wishes to shop across US, Europe, Asia and Australia with ease and comfort. Buyippee has established a network of self-operating and dedicated warehouses for users to ensure fast and efficient delivery services. Scheduled transportation from these warehouses back to Hong Kong with affordable shipping fees for overseas online shopping can be fulfilled with just a click of a button. From 2012 to 2020, Mr. Cheung served as the top management of TMT Ventures where he focused on early stage investment, fundraising, financial technology, debt capital and credit risk management, and supply chain finance. Mr. Cheung was the founder of Victoria Hub Capital where he has provided advise to early stage businesses since 2020. Since 2021, he served as the Vice Chairman of the HKGCC YEC where he aims to strengthen the fellowship and development of next generation business leaders. Mr. Cheung also held various senior management roles in fintech company, international supply chain groups overseeing businesses in the Greater China region covering operations, credit control and regional business expansions including Qupital, Euler Hermes Allianz and American Express. Mr. Wong received his Degree in the Studies of Business and Commerce from Macquire University and the Degree of Computer Science from Sydney Institute of Business and Technology, respectively. Mr. Cheung brings to our Board his deep experience in business and financial management and operations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DH Enchantment, Inc.
Date: July 5, 2024 By: /s/ CHEUNG, Cheuk Yin
CHEUNG, Cheuk Yin
Chief Executive Officer
Ya cause stocks trading at .007 successfully uplist to big boards all the time right? Me and you both know that RSes and uplists rarely work out in pinks. I had a couple work out back in the day before the SEC killed the OTC market but now and days I am rather pessimistic. I am holding my shares regardless because you never know maybe it will work out great for us but it doesn't mean that I have to be happy about it right now. Lets see how it pans out.
Someone needs to tell Ben Quick that wiping out some of shareholders equity via RS is a slap in the face to investors that have remained patient through this long ordeal. Some of us have been waiting years. Not happy how they snuck that in a filing. A 1:10 I would be ok with but 1:100 is borderline. He and his investors should be able to move this to where they want rather easily without a RS because it trades so thin.
Agreed lets see if we can break that .02 today!
Awesome so much potential here!
I agree this is being slept on but the SEC killed the penny market a few years ago. Nice runners are few and far between right now. Ladybug needs to hire a legitimate IR company to promote them and find new investors.
I hope this is enough to make you happy. Pretty much what I figured. Great news was going on behind the scenes not dilution. Wonder if they have a plan to bring more investors in.
Ya then your investment could be with zero! Makes sense. I been holding for years as well. As for all the dilution that you think is going on its not like they are diluting it to death or we would be in trip zeroes by now. The fact is we are still trading near highs. Today you were crying about dilution yet we finished up 22%! So who is buying all these shares and putting big bids in all the time? As for contacting CEOs, I have done that in the past and it accomplished nothing. Most of the ones who answer the phone or email back ended up being liars and scammers anyway so I wouldnt put to much into whether they answer or not. Hey you could be right and if they really turn on the faucet or end up RSing bigly then I will be complaining right along with you but as for now I am not seeing what you are seeing.
You cry too much! SEC wiped out 3/4 of the market a few years ago and you going to complain to them about this stock? That will help shareholders so much here. SMH. This is one of the few current filers that I have left and its been holding up pretty good imo. So far I am seeing more buying than selling today not sure what you looking at.
Ya I miss trading but the SEC pretty much destroyed the market. Alot of my holdings got delisted down to the expert market or have been revoked completely. A few have came off but until those do something I will not be around much. Hope you are well.
I agree 100% with you! They delisted alot of low float shells that custodians could have potentially cleaned up like this one and left us mostly dilutive junk to play with. Killed the market big time! And big boards are 1,000 times scammier than any OTC stock ever was so regulation does not dictate whether the stock is running a scam or not. Lost so much money in the big boards I had to take a break. Never had that problem in the pinks. OTC let the little guy win every now and then and required alot less capital to invest.
Nah I am here. I got 2/3 of my holdings wiped out in September. SEC killed the penny market. Went to try big boards and am down 7 figures on those scammy pos that are 10 times worse than pennies ever were. And to make matters worse I have so many expert market stocks now that Schwab is forcing me to move to a new broker. I am beyond pissed just trying to regroup and rebuild. Wish there was a way to file a class action lawsuit for all the stockholders and traders that the SEC and Finra completely destroyed. We shouldnt get punished for holding stocks that we were allowed to buy. Pink sheet companies were not required to file when most of us bought them so what the SEC has done over the last few years is total bullshit. And like I said earlier Nasdaq stocks are way scammier than any penny stock ever was. I just dont post anymore because not much to post about. Most of the stuff I liked is gone.
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Gn all have a Merry Christmas Greenz